Quote:
Originally Posted by Porsche-O-Phile
My gut feeling is that oil should be about $75 a barrel right now and gasoline should be about $2.60 or so. That's just based on kinda' gut feeling though, not anything quantitative.
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I've read that $75 - $90 per barrel is what oil needs to be to keep the industry going. As SammyG said, $40 per barrel oil will kill the oil business in this country and cause lots of problems with oil producers world-wide.